Under the agreement, UltraCharge will develop its high-voltage LNMO prototype battery in accordance with Aeronautics’ required specifications and performance needs.

If successful, the project will pave the way for the establishment of an on-going business relationship between the two companies which could see Aeronautics purchase UltraCharge’s battery solutions for its UAV’s and “other relevant systems”.

UltraCharge CEO Kobi Ben-Shabat said the formation of a close working relationship with Aeronautics will allow the company to tap into the $18 billion UAV market, which is projected to reach $52 billion by 2025.